AUD/USD – it’s time
October 11, 2022 Leave a comment
The next and perhaps last point for the AUD/USD in this last downward leg sits around 0.6210 (+/- 20 basis points)
The AUD/USD is entering a 5th moment of being Oversold in the past 8 years.
This can be paraphrased by saying we are in the vicinity and ‘it’s good enough’.
So, I’m selling some USD and buying AUD.
This currency low and pending reversal or reversion will also has have affect on assets such as Copper, Oil and Gold.
October 11, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 